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With $1 million-plus sale, Sherborn's Peace Abbey goes out in style

Posted by Scott Van Voorhis December 27, 2012 07:52 AM

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So it turns out the Peace Abbey in Sherborn fetched quite a bit more than first reported. Quite a bit more.

The initial story on the sale pegged the price at a bizarrely low $300,000, which I opined against, arguing the owner should have held out for more. Well it looks like he did! Maybe I should have held my tongue.

Anyway, the Globe this morning reports the Abbey, which features a 1917 colonial and a collection of buildings and statues spread across 2.5 acres, including a sculpture of Gandhi, fetched $1 million.

Some of the confusion appears to have stemmed from the way the property was sold - it was broken into three separate pieces, according to records at the South Middlesex Registry of Deeds.

Two pieces sold for $300,000 each, while a third fetched $400,000, for a total of $1.1 million, records show.

That should be more than enough for the Abbey, run by peace activist Lewis Randa, to pay off its debts, which are reported to amount to anywhere from $337,000 to more than a half a million, according to two different reports.

The Abbey's contents and archives are being moved to an institute at the University of Massachusetts at Boston while the property's new owner has expressed interest in building senior housing.

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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